Bloomberg News

Rosneft Said to Sell Sokol Oil for August at $5.30 to $6 Premium

June 08, 2012

OAO Rosneft (ROSN) sold a cargo of Russia’s Sokol crude for Aug. 1 to Aug. 10 at a premium of $5.30 to $6 a barrel more than benchmark Dubai prices, said two traders who participate in the market, declining to be identified because the information is confidential.

Details of the deal are as follows:

--------------------------------------------------------------
Crude:         Sokol (Russia)
Price:         Premium of about $5.30 to $6 a barrel above
               Platts Dubai, cost and freight (CFR)
Buyer:         Unknown
Quantity:      95,000 tons
Seller:        Rosneft
---------------------------------------------------------------

To contact the reporters on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net; Christian Schmollinger in Singapore at christian.s@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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